Gaddafi Stadium Renaming: PCB Strikes PKR 1 Billion Deal

The Pakistan Cricket Board (PCB) has completed a PKR 1 billion deal with a private bank for the naming rights of Lahore's Gaddafi Stadium. The five-year agreement follows a similar arrangement for Karachi's National Stadium. The revenue aims to support stadium renovations and bolster domestic cricket funding.

The Pakistan Cricket Board has successfully brokered a deal worth PKR 1 billion with a private bank for the naming rights to Gaddafi Stadium for a five-year term. This follows a similar naming rights agreement made for Karachi's National Stadium.

The stadium, originally named after Libyan leader Muammar Gaddafi in 1974, will now carry the name of the partnering bank. This initiative was first introduced by former PCB chairman Ramiz Raja in 2021, with the National Stadium's deal finalized during his tenure.

According to insiders, the current PCB chairman, interior minister Mohsin Naqvi, sees this as an opportunity to manage costs for renovating three key stadiums ahead of the ICC Champions Trophy 2025. Additionally, Naqvi aims to use the revenue to support domestic cricket, further benefiting Pakistan's cricket infrastructure.

(With inputs from agencies.)